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HCP : Declares Increased Quarterly Cash Dividend on Common Stock; Declares Quarterly Cash Dividend on Series E and F Preferred Stock

01/27/2011 | 04:15pm US/Eastern

HCP (NYSE:HCP) reported that its Board of Directors declared an increased quarterly common stock cash dividend of $0.48 per share, compared with $0.465 per share in the previous quarter. The annualized rate of distribution for 2011 is $1.92, compared with $1.86 for 2010, which represents a 3.2% increase.

The dividend will be paid on February 23, 2011 to stockholders of record as of the close of business on February 10, 2011. This represents the 26th consecutive year that HCP has increased its dividend.

In addition, HCP reported that the Board of Directors declared cash dividends of $0.45313 per share on its Series E cumulative redeemable preferred stock and $0.44375 per share on its Series F cumulative redeemable preferred stock. These dividends will be paid on March 31, 2011 to stockholders of record as of the close of business on March 15, 2011.

About HCP

HCP, Inc., an S&P 500 company, is a real estate investment trust (REIT) that, together with its consolidated subsidiaries, invests primarily in real estate serving the healthcare industry in the United States. As of September 30, 2010, HCP's portfolio of investments, including properties owned by its unconsolidated joint ventures, consisted of: (i) interests in 670 properties among the following segments: 250 senior housing, 102 life science, 252 medical office, 45 skilled nursing and 21 hospital; and (ii) $2.0 billion of mezzanine and other secured loans. For more information, visit the Company's website at www.hcpi.com.

Thomas M. Herzog
Executive Vice President ? Chief Financial Officer

© Business Wire 2011
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